Finance

The Finance Section is responsible for the receipt, disbursement, reporting and budgeting of Department monies in accordance with state and federal guidelines.

• Accounts Payable
• Accounts Receivable
• Budget
  • Grants
  • Seized Assets
• Controller
• Federal Identification Number:
  Virginia State Police's Federal Identification Number is:  54-6001733.
• Prompt Payment Policy

Commonwealth of Virginia Prompt Payment Policy

The Prompt Payment Act requires state agencies that acquire goods and services, or conduct business through contractual agreements with non-governmental and privately-owned businesses, to pay by the "required" payment due date for delivered goods and services.

• A state agency is any authority, board, department, institution, or any other unit of state government.
• The required payment due date is established by the terms of the contract; or if a contract is not in existence, thirty calendar days after the receipt of a proper invoice, or thirty days after the receipt of goods or services, whichever is later.

Additionally, the Prompt Payment Act provides for the following:

• Promotes timely vendor payments;
• Improves vendor relationships;
• Promotes competition;
• Reduces the cost of goods and services provided to the Commonwealth;
• Facilitates sound cash management; and
• Increases the investment potential for the Department of the Treasury (DOT).

Prompt Payment forms